Nemetschek (OTCMKTS:NEMTF) Price Target Lowered to €52.00 at Barclays

Nemetschek (OTCMKTS:NEMTFGet Rating) had its price target cut by Barclays from €53.00 ($54.08) to €52.00 ($53.06) in a report published on Monday, The Fly reports. They currently have an equal weight rating on the stock.

A number of other research firms also recently commented on NEMTF. Morgan Stanley dropped their price target on shares of Nemetschek from €72.50 ($73.98) to €61.25 ($62.50) in a research report on Monday, October 17th. Berenberg Bank dropped their target price on shares of Nemetschek from €69.00 ($70.41) to €55.00 ($56.12) and set a hold rating on the stock in a report on Tuesday, October 18th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Nemetschek from €75.00 ($76.53) to €55.00 ($56.12) in a report on Thursday, October 6th.

Nemetschek Stock Performance

NEMTF stock opened at $48.25 on Monday. Nemetschek has a 52 week low of $47.50 and a 52 week high of $48.25. The firm’s 50-day moving average is $55.58 and its two-hundred day moving average is $62.73.

Nemetschek Company Profile

(Get Rating)

Nemetschek SE provides software solutions for architecture, engineering, construction, media, and entertainment markets in Germany, rest of Europe, the Americas, the Asia Pacific, and internationally. It operates through four segments: Design, Build, Manage, and Media & Entertainment. The Design segment offers software solutions primarily under the Allplan, Graphisoft, Solibri, Precast, Vectorworks, SCIA, dRofus, Data Design System, Frilo, and RISA brands for architects, designers, engineers, structural engineers, specialist planners, and landscape designers, as well as developers and general contractors.

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